Main takeaway: Arete Capital partner McKenna estimates Hyperliquid AQA v2 holds about $6.21 billion USDC, implying a 3.10% indicative yield (30‑day SOFR ~3.65%). If ~90% flows to the Assistance Fund, annual income is about $193 million (~$527,000/day), creating potential HYPE buyback pressure. These figures are McKenna’s on‑chain estimates, not Hyperliquid’s official disclosures.
吴说获悉，Arete Capital 管理合伙人 McKenna 表示，随着 Hyperliquid AQA v2 钱包持续累积 USDC，可据此估算其指示性收益率和年化收入。其测算显示，AQA v2 相关 USDC 规模约 62.1 亿美元，按 30 日 SOFR 约 3.65% 计算，指示性 AQA 收益率约为 3.10%；若约 90% 收入流向 Assistance Fund，对应当前年化收入约 1.93 亿美元，即每日约 52.7 万美元，可形成相应的 HYPE 潜在回购压力。相关数据为 McKenna 基于链上余额和利率水平的估算，并非 Hyperliquid 官方披露。